part quote from wirepuller
"You miss the point entirely. It is the 'earthed exposed metallic part' as you put it which will experience a rise in potential in the event of a fault between energised conductors and exposed conductive parts,not the pipe."
So an immersion heater has an earth fault the tank and pipework are not conected to earth. It will have mains voltage both the tank and the pipework so anyone touching the pipe and an earthed exposed conductive part (metal kettle under no fault) would get a shock it would be the pipe that rose in potential against the 0v of the earthed exposed conductive part.
To try and prevent this we bond the pipework to the met to try and keep it at 0v
quote wirepuller
"The last 'live pipe' I saw turned out to be a plumber causing a leak which soaked the floor,passing through a hole in the floor was a vermin damaged cable which effectively livened up the pool of water. The plumber kneeling in the water got a belt every time he touched the (unbonded) water main,he assumed the pipe was live when in fact it was the pool of water conducting to a pipe at 0v earth potential."
agree with above statment